They're doing a great job. Could it become an even more favorable environment than what you've seen this year as owners try to compete for tenants and to fill vacant units? Our penetration of the multifamily market continues to grow as we added 879 more of these 100-unit plus communities this quarter alone, with an overall average revenue per property of $1,060 per month. In particular in the middle, it might move up closer to the $1,000 mark. You gave some of the properties, but what is the price paid for an asset like that?
Obviously, specific properties vary widely, but those are pretty depressing numbers. We generally invest in smaller companies only to obtain strategic new product solutions or for the purpose of research and development. Please go ahead. So it is increased investment in SEM. Good evening and thank you all for joining us to discuss the fourth quarter and full year 2019 results for the CoStar Group. Sarah Spray-- … But we haven't set our plans for 2021 yet. The vast majority of those properties they've sold were into properties with less than 50 units. You know, what types of areas of that sector can make more sense and be most complementary, you know, for example, anything on the marketplace side or perhaps on the construction data side, that would be an interesting area for CoStar? And now you can't use my pickup truck to move. And really, until we get that platforms connected sometime into 2021, we don't expect Ten-X to perform really any differently than where it is today even though we have more interest.

I mean that's giving us great results from LoopNet, gave us our best sales quarter ever, LoopNet. In the second quarter, we plan to add the ability to search lenders and their loan activity. Favorable revenue of $5 million from STR related to purchase accounting and other revenue favorabilities contributed to the positive variance. That was definitely in the Silver Ads and overall it's about $440 per unit of what we sold so far and the largest mix of ads as we mentioned was in the silver level within some gold segments and platinum and diamonds then sold by the team.

Excluding the acquired sales teams from STR and Ten-X, which we included in our sales force numbers last quarter, our sales force has declined about 6% in 2020 overall. According to comScore, for the third quarter, average unique visitors per month to the Apartments.com network of sites in the quarter was over 25 million, up 20% from the same quarter a year ago. That is not the market institutional apartment advertisers are trying to reach with their dollar. You're correct, we have about a 15% organic growth rate scheduled out for the year. Following the integration of the ForRent acquisition in 2018, the team was at full strength and focused on growing throughout 2019. ET. WASHINGTON - June 24, 2020 - CoStar Group, Inc. (NASDAQ: CSGP) the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has completed the previously announced acquisition of Ten-X for $190 million in cash.

Historically, the last quarter of the year has been the lowest seasonal quarter for share readvertising. Over the past few months, our team RPA and Jeff Goldblum have been working hard to build our 2020 marketing program. In summary, we've certainly had an impressive third quarter. So the mid-market, we're being careful there because we're launching a new sales model.

Mario J. Cortellacci -- Jefferies LLC, Research -- Analyst. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in swheeler@costar.com, Sarah Spray Signature ads sort to the top of the results set are larger than the standard ads and contain much more marketing content than to the standard ads.

Our marketplace businesses displayed very strong countercyclical growth with Apartments.com revenue up 23% in the third quarter 2020 over the third quarter of 2019. Banks almost always lend money across many property types.

CoStar Group, Inc. (NASDAQ:CSGP) Q3 2020 Earnings Conference Call October 27, 2020 5:00 PM ET Company Participants Sarah Spray – Investor Relations Andy Florance – … The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. 6201 15th Avenue These features will be provided to our customers at no extra charge in order to enhance the value of our products, extend the reach of CoStar to more customers and renew more business.

But it's a great sort of grid for us to use to start to bring content in these markets and it has tremendous branding benefits.

Obviously, there's a terrible human cost here, but the question is more technical in the business. This implies an annual growth rate of 18% to 19% over 2019. As we've said previously, the business exited 2019 at a revenue run rate in the low $60 million range. With the build-out of the dedicated LoopNet sales team, I wanted to ask about the plans for, I guess, the suite sales team capacity and prioritization. Your next question will come from the line of Sterling Auty of JPMorgan. This represents approximately 18% to 19% growth compared to the first quarter of last year, and approximately 14% to 15% growth excluding the first quarter revenue contributions from STR.

This is primarily the result of favorable outcomes from the deferred revenue purchase accounting adjustments. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most … And as the marketplace for LoopNet continues to perform, we build that sales force, then we'll definitely want to give them the marketing support they need. Ten-X is the clear, leading platform for conducting commercial real estate online auctions and negotiated bids, having successfully facilitated $24 billion in transactions since 2009. Your next question will come from the line of Stephen Sheldon of William Blair. In terms of earnings, we expect full year non-GAAP net income per diluted share of $10.20 to $10.40 based on 36.8 million shares.

So it's encouraging that we've seen that and that, hopefully, we'll see those same -- the same strength carried into the fourth quarter. I think both in Apartments and LoopNet you'll see fourth quarter strong quarters, and I think technically it would be our second strongest quarter in Apartments.

Investor Relations That would have a good impact on revenue throughout the year.


So can you just discuss the LoopNet marketing plans? Good evening and thank you all for joining us to discuss the fourth quarter and full year 2019 results for the CoStar Group. That's particularly valuable in investment sales area and in the analytics area where we think we can provide a lot of value. Finally, I'm going to wrap up with some observations about the real estate economy. So, it's interesting we're keeping an eye on it. I know there's a lot of moving pieces hiring and all that other stuff, but how should we think about the cadence? Please refer to today's press release on how to access the replay of this call. Unfortunately we can't talk about booking or booking momentum in the first quarter until our first quarter conference call, which will be the third week or fourth week of April, Tuesday evening 5:00 PM and we'll be happy to update it then.

I think that trend will continue as we continue to build out a stronger and stronger product offering. This is more of a tuning it to make sure we're bringing the demand to the marketplace. In the fourth quarter of 2019 LoopNet advertising revenues grew 20%, which is double the rate that LoopNet revenue was growing in mid-2018. This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Cumulative Growth of a $10,000 Investment in Stock Advisor, CoStar Group, Inc. (CSGP) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $CSGP, CoStar Group, Inc. (CSGP) Q2 2020 Earnings Call Transcript, Why CoStar Group Gained 19% Through the First Half of the Year, CoStar Group, Inc. (CSGP) Q4 2019 Earnings Call Transcript, Copyright, Trademark and Patent Information.


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